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Options Trader
Basic Strategies for Big Profits in Any Market

Buy Call BSX

August 8, 2023
Sell Your BSX November 55 Calls.

Next up is BSX, which we are also going to sell as the stock and med-tech plays, in general, have been weak.

To execute this trade you need to:
Sell to Close your BSX November 55 Calls

Should the market continue to weaken, we could sell more. But for now, let’s stick with our longer-dated positions.

May 18, 2023
Buy the Boston Scientific (BSX) November 55 Calls (exp. 11/17/2023) for $4 or less.

As I wrote on Monday morning, the call buying in Boston Scientific (BSX) is everything I look for in a stock. What I mean is the sizes of the call buys were large, and traders bought steadily for days/weeks. Throw on top of that the stock has been a steady riser, and I was intrigued.

Fast forward a couple days and the market is now showing signs of life as the Nasdaq has blasted higher, while the S&P 500 is strengthening. These somewhat promising signs for the market, as well as a bullish day in terms of overall option activity, lead me to believe it’s time to add a new position to the portfolio.

To execute this trade you need to:
Buy to Open the BSX November 55 Calls

The most you can lose on this trade is the premium paid, or $400 per call purchased.

The risks I see in this trade are general market/sector risk. And along those lines, it’s absolutely possible that the market could unwind again at any moment as the regional banks are still a worry, and breadth has been suspect at best. That scenario could certainly hurt our BSX calls.

That being said, should the market get in gear, BSX has the look of a stock that could be on the verge of breaking out, and given the bullish option activity and reasonable price of this November call, I am going to add BSX to the portfolio today.

BSX November 55 Call
Position Strategy
Buy Call
Opened Date
May 18, 2023
November 17, 2023
Net Price
Jacob Mintz is a professional options trader and editor of Cabot Options Trader. Using his proprietary options scans, Jacob creates and manages positions in equities based on unusual option activity and risk/reward.